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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Alexander Babakov, Deputy Chairman of the Russian State Duma, highlighted the need to create a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the current banking infrastructure. Babakov emphasized that this new system would help to reduce the dependence on Western institutions and simplify settlements outside the dollar-dominated system. BRICS SWIFT Equivalent […]
https://news.bitcoin.com/russian-state-duma-deputy-chairman-brics-swift-counterpart-needed-for-creating-a-new-economic-reality/
U.S. Treasury Secretary Janet Yellen has denied claims by economist Nouriel Roubini and former Trump administration official Stephen Miran that the Treasury manipulated the issuance of securities to lower real borrowing costs. Yellen assured in a Bloomberg interview that no such strategy had ever been discussed or implemented. Roubini and Miran’s paper argued that Treasury […]
https://news.bitcoin.com/treasury-secretary-yellen-refutes-economist-nouriel-roubinis-allegations-of-financial-manipulation/
On Saturday, July 27, 2024, the 45th president of the United States spoke to a massive crowd at the Bitcoin 2024 conference in Nashville. The event began with David Bailey, CEO of Bitcoin Magazine, presenting Trump with a 2013 Casascius physical bitcoin loaded with 1 BTC. “Bitcoiners know inflation better than anyone else,” Trump told […]
https://news.bitcoin.com/trump-at-bitcoin-2024-vows-to-make-us-the-bitcoin-superpower-plans-to-fire-sec-chair-gensler/
The renowned whistleblower Edward Snowden, former CIA and NSA contractor, delivered a powerful speech emphasizing the pitfalls of political allegiance and the privacy concerns surrounding Bitcoin. He urged individuals to participate in voting but warned against blindly following political ideologies. Snowden’s Bitcoin 2024 Keynote: Vote Independently and Beware of Bitcoin’s Privacy Risks During his keynote […]
https://news.bitcoin.com/edward-snowden-highlights-political-pitfalls-and-privacy-issues-in-btc-at-bitcoin-2024-event/
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase 550 bitcoins daily until a strategic reserve of 4 million bitcoins is reached. He also pledged to […]
https://news.bitcoin.com/rfk-jr-pledges-to-ensure-us-government-holds-4-million-bitcoins-as-strategic-reserve-if-elected-president/
Unlike the U.S. spot ether exchange-traded funds (ETFs), the spot bitcoin ETF equivalents experienced inflows during Friday’s trading session, totaling $51.66 million. Four funds recorded inflows, while Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $26.55 million. Spot Bitcoin ETFs Garner $51.66M Grayscale’s spot ether ETF, ETHE, and its spot bitcoin ETF, GBTC, have been […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-see-51-66m-inflows-as-grayscales-gbtc-deals-with-outflows/
With just three days remaining until its presale ends, the viral WienerAI ($WAI) token has already raised over $8 million. Now, as the countdown begins, a new flood of investors is pouring in, hoping to grab $WAI tokens at a discount before the imminent DEX listing. With bullish movements in both the AI sector and […]
https://news.bitcoin.com/3-days-to-go-in-viral-wienerai-presale-as-analysts-predict-10x-gains/
Over the past week, non-fungible token (NFT) sales experienced a 7.59% rise, with $108.59 million in transactions finalized during the last seven days. Ethereum topped NFT sales for the week, generating $32.59 million, a 5.95% increase. NFT Market Gains Modest Momentum This Week Solana followed as the second leading blockchain, with NFT sales totaling $27.33 […]
https://news.bitcoin.com/weekly-nft-sales-rise-to-108-59-million-up-7-59/
Senator Elizabeth Warren has called for stricter regulations to address the risks of foreign-owned cryptocurrency mining facilities in the U.S. She highlighted the environmental and national security threats, especially from Chinese-owned operations, and stressed the importance of stronger laws to regulate crypto mining and prevent foreign exploitation. Senator Warren Raises Concerns Over Foreign-Owned Crypto Mining […]
https://news.bitcoin.com/senator-warren-calls-for-tougher-regulations-to-combat-national-security-risks-from-foreign-crypto-mines/
Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor. “This is an entirely new thing, and we have to make sure that we can offer […]
https://news.bitcoin.com/philippines-plans-to-introduce-wholesale-cbdc-by-2029/
Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain. This platform facilitates the process of placing assets on the blockchain for third parties as part of the Drex pilot. The platform will be launched in tandem with the second pilot phase of the Brazilian CBDC, […]
https://news.bitcoin.com/fintech-company-tecban-pilots-tokenization-platform-for-brazils-drex-cbdc/
The World Bank Executive Director for Russia forecasts that BRICS nations will soon dominate the World Bank and the International Monetary Fund (IMF), attributing this shift to inevitable macroeconomic and demographic changes away from Western dominance. He emphasized the importance of working patiently toward this goal and resisting provocations from those upholding the old global […]
https://news.bitcoin.com/brics-poised-to-dominate-world-bank-imf-says-russian-executive-director/
Gold advocate Peter Schiff has conducted two polls regarding bitcoin’s value and investors’ actions if the crypto’s price falls significantly. Despite his consistent criticism of bitcoin, the majority of respondents expressed strong commitment to holding their BTC even if the price drops drastically. Schiff maintains that bitcoin’s value proposition is flawed and anticipates a significant […]
https://news.bitcoin.com/bitcoin-investors-wont-sell-btc-even-if-price-drops-to-3k-peter-schiffs-poll-shows/
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market to stabilize the economy. This move comes as the parallel market exchange rate is significantly higher than the official rate, causing economic instability. The RBZ aims to increase foreign currency supply, reduce pressure on banks, […]
https://news.bitcoin.com/zimbabwe-injects-50m-in-forex-market-to-stabilize-currency/
The price of the Salvadoran basic goods basket, a group of foods and vegetables considered essential, rose to all-time high levels in June. The increase was pushed due to the price hikes in vegetables, going over the $260 barrier and reaching $262.17. President Bukele recently expanded the action of the Farmers’ Markets and slashed import […]
https://news.bitcoin.com/salvadoran-basic-goods-basket-rose-to-historic-highs-in-june/
Senator Tim Scott highlighted bitcoin’s potential to democratize finance and improve financial inclusion at the Bitcoin 2024 Conference. He criticized the Biden administration’s approach to digital assets and endorsed efforts to overturn restrictive SEC guidelines. Scott advocated for balanced regulation that encourages innovation without stifling growth or pushing it overseas. Senator Tim Scott Advocates for […]
https://news.bitcoin.com/us-senator-hails-bitcoins-potential-to-democratize-finance-and-improve-financial-inclusion/
The last 12 months have been a game-changer for digital assets. In January, more than a decade after Gemini co-founders Cameron and Tyler Winklevoss filed their initial application, the first spot Bitcoin was approved for trading in the United States by the Securities and Exchange Commission (SEC). The following is an opinion editorial written by […]
https://news.bitcoin.com/bull-market-euphoria-the-unexpected-but-desperately-needed-ethereum-etf/
The Bank of Zambia has defended its de-dollarization plans but also seeks input from stakeholders who oppose the proposal. The central bank governor clarified that they are not proposing anything new; instead, the bank aims to enforce existing laws designating the kwacha as the sole legal tender for domestic transactions. Zambia’s Central Bank Seeks Input […]
https://news.bitcoin.com/zambia-de-dollarization-central-bank-seeks-to-enforce-kwacha-as-sole-legal-tender-for-domestic-transactions/
The Bitcoin Policy Group has issued a warning to the United Kingdom, advising against the sale of its 61,000 bitcoins. The group argues that maintaining these holdings is crucial for the nation’s economic strategy and future financial stability. U.K. Urged to Retain 61,000 Bitcoins by Bitcoin Policy Group In their letter, the Bitcoin Policy Group […]
https://news.bitcoin.com/bitcoin-policy-group-urges-uk-to-retain-bitcoin-holdings/
The price of bitcoin (BTC) increased by 1.9% over the past day, peaking at an intraday high of $69,404 around 9 a.m. EDT on Saturday. Over the last week, BTC has climbed by 3.1% and has risen 16.8% over the past two weeks. Bitcoin’s Upward Momentum: Key Stats and Market Impact Bitcoin is gaining momentum […]
https://news.bitcoin.com/bitcoin-peaks-at-69404-as-short-liquidations-surpass-27m/
U.S. spot ethereum exchange-traded funds (ETFs) experienced negative inflows once again, driven by Grayscale’s Ethereum Trust (ETHE) offloading a substantial $356.26 million on Friday. To date, ETHE has recorded more than $1.5 billion in cumulative outflows. Grayscale’s Ethereum Trust Sheds $1.5B in 4 Trading Sessions The spot ether ETFs have been impacted by Grayscale’s Ethereum […]
https://news.bitcoin.com/us-ether-etfs-see-negative-flows-as-grayscale-offloads-356-26m/
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted to USDT-equivalent tokens and locked. “The fastest way to open the platform […]
https://news.bitcoin.com/wazirx-rolls-out-socialized-loss-strategy-across-all-users-post-230m-cyberattack/
Over recent weeks, Bitcoin.com News has been covering prediction markets linked to the U.S. election. Our newsdesk also tested various artificial intelligence (AI) chatbots to forecast the prices of bitcoin, gold, and ethereum by the end of 2024. In this particular experiment, we consulted nine different AI chatbots to predict the U.S. election outcome between […]
https://news.bitcoin.com/several-ai-chatbots-predict-trump-victory-in-2024-election-two-decline-to-answer/
A grand jury in Kansas City indicted North Korean national Rim Jong Hyok for his role in a conspiracy involving ransomware attacks on U.S. hospitals and healthcare providers. The group laundered cryptocurrency proceeds and used the funds for further cyber intrusions into global defense, technology, and government entities. The ransomware attacks disrupted patient care and […]
https://news.bitcoin.com/fbi-seizes-cryptocurrency-linked-to-north-korean-ransomware/
According to the latest Global System for Mobile Communications (GSMA) study report, the success of artificial intelligence (AI) in Africa hinges largely on the availability of local language data and addressing the AI skills gap. The report urges African countries to prioritize investment in domain-specific and local language data. It also recommends adopting participatory approaches […]
https://news.bitcoin.com/study-ai-success-in-africa-depends-on-availability-of-local-language-data-and-ai-talent/
Russia’s State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment. Proposed by the chairman of the Duma Committee on Financial Markets and supported by key deputies, the bill mandates strict guidelines for miners, including registration and government oversight. If passed, the law will take […]
https://news.bitcoin.com/russia-advances-cryptocurrency-mining-bill/
The BRICS economic bloc is considering Iran’s proposal to link all member nations’ payment systems, according to Russian Deputy Foreign Minister Andrey Rudenko. The proposal aims to enhance BRICS countries’ financial sovereignty by establishing a resilient and sanctions-resistant payment infrastructure. Discussions include integrating financial markets, payments in national currencies, and new mechanisms for mutual financial […]
https://news.bitcoin.com/brics-considers-irans-proposal-to-link-payment-systems-of-all-member-countries-says-russian-official/
Michael Saylor, executive chairman of Microstrategy, believes the U.S. government should hold the majority of the world’s bitcoin, arguing this would strengthen the U.S. dollar. Drawing parallels to historic acquisitions, he views bitcoin as a critical asset for the future. Saylor emphasized: “The country gotta look to the future, and the future of the country […]
https://news.bitcoin.com/michael-saylor-us-government-should-own-majority-of-bitcoin-in-the-world/
According to the blockchain-based prediction market Polymarket, there is an 84% likelihood that former President Donald Trump and current Vice President Kamala Harris will debate before the election. Trump has shown hesitation to debate Harris until her official nomination, citing significant confusion within the Democratic party. High Stakes: $142,846 Wager on Trump-Harris Debate Before Election […]
https://news.bitcoin.com/polymarket-bettors-predict-84-chance-of-trump-harris-debate-before-election/
According to the latest U.S. Securities and Exchange Commission (SEC) 13-F filing from Ark Invest’s and 21shares’ ARKB fund, the State of Michigan Retirement System (SMRS) acquired approximately $6.59 million in ARKB shares. This news follows an announcement by Steven Fulop, the mayor of Jersey City, New Jersey, that the city’s pension fund will invest […]
https://news.bitcoin.com/michigan-retirement-system-invests-6-59m-in-ark-invests-bitcoin-fund/